Las víctimas olvidadas de Stanford ahora disponible en español

Las víctimas olvidadas de Stanford, ahora disponible en español en:

Thursday, March 5, 2015

DOJ to 5th Circuit: Allen Stanford belongs in prison, says his Ponzi scheme lasted 20 years

Allen Stanford once ruled a global banking empire with reported
assets of more than $8 billion. In fact, it was a massive Ponzi
scheme from the beginning. Here, he poses in his Houston
attorney’s office in 2009. He was convicted three years later.

WASHINGTON–The Department of Justice’s reply brief contesting Allen Stanford’s last-ditch effort to get out of prison makes for tough reading, especially for the more than 20,000 victims who lost their investments to Stanford’s widespread and enormous Ponzi scheme.

 After months spent wading through Stanford’s nearly 300-page appeal, the U.S. Department of Justice has finally responded with a tome of its own. In nearly 200 pages filed Tuesday, the DOJ confronts each of Stanford’s many, many arguments for why he was wrongly convicted in 2012. He’s serving a 110-year sentence in a federal prison in Central Florida.

 Stanford’s October appeal, which he wrote himself, raised many legal issues, but I’ll leave it to the Fifth Circuit Court of Appeals to sift through his arguments–and their counterpoints made by the Justice Department. In short, though, he claims that the CDs issued by Stanford International Bank in Antigua weren’t really securities under the law, and therefore not subject to SEC jurisdiction or the reach of the U.S. securities laws in general. He claims that the federal judge in Houston who heard his case was biased, that he made many errors and that Stanford was left without adequate funds or time to properly defend himself.

Read the Full Article here including the USA Response to the Stanford Appeal

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum

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